Antitrust Column & Publications

Foreign Cartel With Domestic Ripple Effects

Date: 10/25/11

Source: The New York Law Journal. Reprinted with permission.

The U.S. Court of Appeals for the Seventh Circuit ruled that a conspiracy to fix potash prices abroad, alleged to have set a benchmark for U.S. prices, fell outside the reach of U.S. antitrust laws. The U.S. Court of Appeals for the Ninth Circuit ruled that suits brought by state attorneys general on behalf of citizens did not constitute class actions and should not be removed to federal courts under the Class Action Fairness Act.